Fake rent receipt is this week's big tax jolt

THE ECONOMIC TIMES Sat, Apr 08, 2017 | 12:04 PM IST Weekly News Platter

Fake rent receipt won't help you lower tax burden As per a ruling, the assessing officer can now demand proof, such as electricity bill, in allowing a lower taxable income as computed by a salaried employee. readmore Trai forces Reliance Jio to withdraw Summer Surprise offer "It's bad news for subscribers but good news for the industry. Hopefully, we will see rationality in pricing of tariffs now," said Rajan Mathews of COAI. China warns India on Dalai Lama's Arunachal Pradesh visit China Daily and Global Times launched a scathing attack on India after minister Kiren Rijiju said that Arunachal Pradesh is "an inseparable part of India".

Editor's Pick GST: What will cost more & what will be cheaper? With prospects of GST increasing the GDP by 2 per cent, the momentous legislation, at least for the short term, may emerge as a mixed bag for the common man. You could be paying different price for petrol, diesel Oil companies are planning to review rates daily to align them with international prices, replacing the current practice of fortnightly revision. In Yogi's govt, UP babus get less than 8 hrs to sleep Officials who wanted to return to the state cadre after the change of guard are a little disheartened that there will be no time for themselves in this action-packed routine. US clears air around H-1B with policy memorandum The document essentially says that a previous guiding policy document for H-1B visa petitions, from the year 2000, will no longer hold.

Most Popular This Week Narayana Murthy's mail: 'With what conscience can Pravin tell juniors to make sacrifices?' PM Modi opens Asia's longest tunnel; here's everything about it Ban on cash transactions of over Rs 2 lakh not applicable for bank, post office withdrawals Ram Jethmalani says he is ready to defend Arvind Kejriwal for 'free'

Story of The Week SC's highway liquor ban verdict may hit 1 mn jobs The SC on Friday ruled that its December 15 order on banning liquor vends across national and state highways is also applicable to hotels and restaurants. read more

Money Why 2017 is the best year to buy affordable houses With the inclusion of LIG and MIG in the affordable housing, government is matching aspirations to resources to create an ecosystem fuelled by incentives. How to survive a financial crisis and avoid being cheated People who suffered big financial setbacks, either due to mis-selling or poor investments, share their stories about how they got their finances back on track.

Stock Round Up This billionaire made Rs 6,100 cr from only 1 stock Radhakishan Damani's family, including his wife and brother Gopikishan Shivkishan Damani, holds 82.5 per cent stake in Avenue Supermarts.

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